The Ontaryan: Asian Company Taking Over Auto Industry

"It simply means a continuing loss of jobs, more layoffs, more shift reductions and possibly more closures," Buzz Hargrove said, president of the Canadian Auto Workers(CAW) in regards to Toyota outselling GM in the auto industry.

The Japanese company is expanding fast, and it "just means less job opportunities for Canadians" according to Hargrove.

Sandra Pupatello, Ontario's economic development minister, "dismissed concerns Toyota's success may hurt some Ontario communities which have traditionally relied on the auto industry".

CAW president Buzz Hargrove isn't surprised, warning more problems await the industry.

By CP

Toyota Motor Corp. became the world's top auto seller in the first three months of the 2007, passing rival General Motors Corp. for the first time, the Japanese automaker said

TORONTO -- Toyota's new-found status atop the world's auto sector will mean more misery for the sector in Canada, particularly for parts suppliers, a leading analyst and a top union leader warned yesterday*.

For the first time ever, Toyota sold more vehicles globally in a quarter than General Motors, preliminary January-March figures show, the clearest sign yet the Japanese company is on track to overtake its U.S. rival as the world's top automaker[.....]